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The increasing number of deaths due to fire accidents has driven government and regulatory agencies worldwide to install smoke detectors, thereby driving their growth. Further, a booming in the IT and real estate sectors is expected to positively affect the smart smoke detector market during the forecast period. Smart Smoke Detector Market SegmentationThe report includes a detailed segmentation of the market by products, end users, applications, and geography. The global smart smoke detector market by product type is segmented into photoelectric detectors, ionization detectors, and others. The photoelectric segment dominated the global market, occupying approximately 80% revenue in 2018. With changing technological trends, vendors are facing the challenge of selecting an apt sensor for their next generation smart detectors. Hence, the high efficiency of photoelectric sensors makes an optimal choice. Thus, vendors are continuously offering smart and advanced products. The smart smoke detector market by end user is classified into commercial, industrial, residential, educational institutions, and government. The commercial sector dominated the global market and is likely to grow at a CAGR of over 12% by 2024. The sector is the highest adopter of smoke detecting devices due to the stringent compliance of fire safety norms laid down by regulatory bodies.

 

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1 Key Players Market Share Analysis, 2017 %13. 2 Competitive Benchmarking13. 3 Key Developments Analysis, 2015 201814 Company Profiles14. 1 Nest Labs14. 1. 1 Company Overview14.